Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: June 2. Received $1,200
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Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
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June 2. Received $1,200 from Melissa Crone and wrote off the remainder owed of $4,000 as uncollectible. Oct. 9. Reinstated the account of Melissa Crone and received $4,000 cash in full payment.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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